As an experienced financial analyst, I see this announcement from Cloudbet as a game-changer in the world of cryptocurrency gambling. The integration of Ethena’s sUSDe and ENA is a significant step forward, providing users with financial flexibility and efficiency that was previously unheard of.
Willemstad, Curaçao, Netherlands, June 27th, 2024, Chainwire
Cloudbet, a prominent cryptocurrency gambling platform for casinos and sportsbooks, recently announced the addition of Ethana’s sUSDe (stablecoin) and ENA to its offerings. With this integration, users can now earn returns on their funds even when they are not placing bets.
With the introduction of sUSDe, Cloudbet users now have more control and streamlined financial management in their gambling experience. Previously, deposited funds would sit idle until used for wagers. However, by embracing this new innovation, Cloudbet has revolutionized betting, raising the bar for user-focused advancements.
“A Cloudbet representative explains that whether a user is placing bets or taking a pause, their sUSDe keeps earning returns,” he shared, “This provides an opportunity for users to cover betting expenses or boost their funds, adding value to their experience on our platform beyond simple wagering activities.”
After carefully considering the present state of the cryptocurrency market and consulting with key figures in the digital currency industry, Cloudbet has made the decision to incorporate Ethena’s USDe, sUSDE, and ENA into its platform. This move was driven by in-depth discussions with influential members of the crypto community. It was deemed necessary to seize this prospect based on these valuable conversations.
As a crypto investor, I’m excited about the addition of Ethana tokens (ETHN) and ENA, the governance token for the Ethana protocol, which debuted at $0.55 in April 2024. This move reflects Ethana’s forward-thinking, native approach to crypto market trends.
“The Cloudbet representative shares our fascination with Ethana and the Internet Native Yield concept, just like many others in the crypto sphere. USDe’s unique features set it apart from well-known stablecoins: users can deposit USDe to earn sUSDe and tap into the protocol’s yield generation. This benefit significantly enhances Cloudbet users’ betting experience, making it a top priority for our development plans.”
*As of June 27, 2024, the sUSDe yield is 10.1%.
To reinforce its dedication to cryptocurrency gambling, Cloudbet broadened its compatibility with various blockchain platforms, now including TON and Base.
About Cloudbet
Cloudbet is a proud pioneer of crypto betting.
Starting from its debut in 2013, Cloudbet stands out as the pioneering sportsbook and casino catering to cryptocurrencies. It has welcomed over hundreds of thousands of users and processed millions of wagers, earning a solid reputation as the most reliable, secure, and exclusive choice for crypto gaming enthusiasts.
As a crypto investor, I can tell you that Cloudbettors offers me the flexibility to place bets using over thirty different cryptocurrencies. This diverse selection includes well-known options like Bitcoin, Ethereum, USDC, and USDT, as well as popular altcoins such as SOL. Additionally, this platform caters to a global user base by providing its services in eighteen languages, including Spanish, German, Italian, French, and Japanese.
For media inquiries, odds, and insights, users can contact media@cloudbet.com.
Contact
Irene
Halcyon Super Holdings B.V.
irene@cloudbet.com
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2024-07-01 15:40